The LiDAR market is expected to be valued at USD 5,204.8 Million by 2022, growing at a CAGR of 25.8% during the forecast period. 2016 has been considered as the base year, and the period between 2017 and 2022 has been considered as the forecast period for the LiDAR market study.

The objective of the study is to define, describe, and forecast the LiDAR market on the basis of component, product, service, application, and geography. The LiDAR market has been segmented on the basis of geography into North America, Europe, Asia-Pacific (APAC), and Rest of the World (RoW). Additionally, the report provides detailed information regarding major factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges). The opportunities for stakeholders have been analyzed by identifying the high-growth segments of the market. The report also profiles the key players and comprehensively analyzes their market ranking and core competencies along with detailing the competitive landscape.

This research study involves an extensive usage of secondary sources, directories, and databases (Factiva and OneSource) to identify and collect the information useful for technical, market-oriented, and commercial aspects of LiDAR technology. Top-down and bottom-up approaches have been implemented to arrive at the size of the market.

The points below explain the research methodology applied:

The study of annual and financial reports of top players, presentations, press releases, journals, paid databases, and interviews with industry experts

Analysis of the opportunities in the market for stakeholders by identifying high-growth segments

Analyzing competitive developments such as mergers and acquisitions, new product launches and developments, and research and development

Carrying out primary and secondary research to derive all the percentage splits and segment breakdown of the market

The figure below shows the breakdown of primaries on the basis of companies, designations, and regions, conducted during the research study.

Figure 1 Market SegmentationFigure 2 LiDAR Market Report: Research DesignFigure 3 Bottom-Up Approach to Arrive at the Market SizeFigure 4 Top-Down Approach to Arrive at the Market SizeFigure 5 Data TriangulationFigure 6 Assumption of the Research StudyFigure 7 Ground-Based LiDAR Held the Largest Size of the Market in 2016Figure 8 North America Expected to Dominate the LiDAR Market During the Forecast PeriodFigure 9 ADAS and Driverless Cars Expected to Hold the Largest Size of the LiDAR Market By 2022Figure 10 Market for ADAS and Driverless Cars Application is Expected to Grow at the Highest Rate Between 2017 and 2022Figure 11 North America Held the Largest Share of the LiDAR Market in 2016Figure 12 Continuously Increasing Use of Drones in Various Applications: Major Factor Driving the LiDAR MarketFigure 13 Market for ADAS and Driverless Cars Expected to Grow at the Highest Rate During Forecast PeriodFigure 14 Ground-Based LiDAR Held the Largest Share of the LiDAR Market Based on Product in North America, 2016Figure 15 Market for Solid-State LiDAR Expected to Grow at the Highest Rate Between 2017 and 2022Figure 16 Evolution of LiDAR SystemsFigure 17 Encouragement From the Governments and Institutes for Adoption of LiDAR Systems is Driving the MarketFigure 18 LiDAR Market Value ChainFigure 19 Laser Scanner Value Chain AnalysisFigure 20 Porter’s Five Force AnalysisFigure 21 Porter’s Five Force Analysis: Impact AnalysisFigure 22 LiDAR Market: Threat of SubstitutesFigure 23 LiDAR Market: Bargaining Power of SuppliersFigure 24 LiDAR Market: Bargaining Power of BuyersFigure 25 LiDAR Market: Threat of New EntrantsFigure 26 LiDAR Market: Degree of CompetitionFigure 27 Laser Scanner Held the Largest Size of the LiDAR Market in 2016Figure 28 Market for Solid-State LiDAR Expected to Grow at the Highest CAGR Between 2017 and 2022Figure 29 Corridor Planning Application Held the Largest Size of the Market for Aerial LiDAR in 2016Figure 30 Market for Mobile Ground-Based LiDAR Expected to Grow at A Higher Rate During the Forecast PeriodFigure 31 Environment Application to Hold A Larger Size of the Market for Static Ground-Based LiDAR Between 2016 and 2022Figure 32 Solid-State LiDAR Market for ADAS and Driverless Car Application Expected to Grow at Highest Rate During Forecast PeriodFigure 33 Market for ADAS and Driverless Cars Expected to Grow at the Highest Rate During Forecast PeriodFigure 34 Solid-State LiDAR is Expected to Hold Largest Size of the Market for Environment Application Between 2017 and 2022Figure 35 LiDAR Market for Oil & Gas Exploration Expected to Grow at A Higher Rate During the Forecast PeriodFigure 36 Ground-Based LiDAR Expected to Hold A Larger Size of the Market for Meteorology Application Between 2017 and 2022Figure 37 LiDAR Market for GIS Services Expected to Grow at the Highest Rate During the Forecast PeriodFigure 38 LiDAR Market, By GeographyFigure 39 LiDAR Market: Geographic Snapshot, 2017–2022Figure 40 Geographic Snapshot of the LiDAR Market in North AmericaFigure 41 Solid-State LiDAR to Exhibit the Highest Growth in the North American Market During the Forecast PeriodFigure 42 Bathymetric LiDAR to Exhibit A Higher Growth in the European Market During the Forecast PeriodFigure 43 Geographic Snapshot of the LiDAR Market in APACFigure 44 Solid-State LiDAR to Exhibit the Highest Growth in the APAC Market During the Forecast PeriodFigure 45 Topography LiDAR Expected to Hold A Larger Size of the LiDAR Market in Rest of the World in 2016Figure 46 Companies Adopted New Product Launches and Developments as Key Growth Strategies Between 2014 and 2016Figure 47 Battle for Market Share: New Product Launches and Developments Key Strategies Adopted By CompaniesFigure 48 Geographic Revenue Mix of Major CompaniesFigure 49 Faro Technologies: Company SnapshotFigure 50 Faro Technologies: SWOT AnalysisFigure 51 Leica Geosystems: Company SnapshotFigure 52 Leica Geosystems: SWOT AnalysisFigure 53 Teledyne Optech Inc.: Company SnapshotFigure 54 Teledyne Optech Inc.: SWOT AnalysisFigure 55 Riegl Laser Measurement Systems GmbH: SWOT AnalysisFigure 56 Trimble Inc.: Business OverviewFigure 57 Trimble Inc.: SWOT AnalysisFigure 58 Sick AG: Business Overview

The market is expected to be worth USD 5,204.8 Million by 2022, growing at a CAGR of 25.8% during the forecast period. LiDAR systems are used in a wide range of applications such as corridor mapping, engineering, environment, ADAS and driverless cars, exploration, urban planning, cartography, meteorology, and others. Also, the growing application of corridor mapping in the roadways mapping is driving the growth of the overall LiDAR market.

This market is segmented on the basis of component, product, application, service, and geography. The market based on product includes aerial LiDAR, ground-based LiDAR, UAV LiDAR, and solid-state LiDAR. Among these products, ground-based LiDAR held the largest market share in 2016 due to its increasing demand in the construction and engineering applications.

LiDAR market for ADAS and driverless cars application is expected to grow at the highest CAGR during the forecast period. With an inclination toward self-driven cars and few mandates for the adoption of ADAS in the major automotive markets such as Europe and North America are helping the market for ADAS and driverless cars application to grow at rapid pace.

The market for laser scanners is expected to grow at the highest CAGR during the forecast period. The laser scanner in LiDAR is used to scan and to generate 3D images of the scanned areas. The fastest growth rate of the market is attributed to the rapid development of laser technology and increasing demand for LiDAR system. Laser scanners provide a high degree of accuracy, deliver better image quality, and can operate in extreme and challenging environments to collect, exploit, and distribute vital information efficiently.

The market for GIS services is expected to grow at the highest CAGR during 2017 and 2022 owing to increasing demand for GIS services in canopy height estimation, forest planning, and harvesting planning applications. These applications are majorly adopted by the government for forest management and for planning crops harvesting.

North America holds the largest share of the LiDAR market based on regions, and the market in North America is expected to grow at the highest rate between 2017 and 2022. North America dominates the overall LiDAR market owing to increasing investment of business giants toward ADAS and driverless cars application. Moreover, increasing penetration of LiDAR in ADAS and driverless cars application is providing new scope for small, versatile, and low-cost LiDAR systems. Business giants which are in the race of manufacturing these cars are General Motors (U.S.), Google (U.S.), and Apple Inc. (U.S.). In addition, major companies such as Trimble, Faro, and Velodyne have headquarters in the U.S., which is also a key factor contributing to the large share of the U.S. in the LiDAR market in North America.

The cost of LiDAR is high compared to conventional techniques of a survey such as photogrammetry. Currently, the cost of an aerial LiDAR can be as high as USD 75,000 to USD 85,000 and even more than that, depending on the application for which it is being used. A project for surveying an area having a flat surface or moderate terrain may cost around USD 200 to USD 300 per square mile for 3m point spacing. The costs for surveying the same area may rise to USD 350 to USD 450 per square mile if the project requirement is for 1m point spacing.

The portfolio of Teledyne Optech Inc. (Canada) comprises a wide range of products that enable sustainable business growth and help diversify business risks. The company not only has a wide product portfolio but also has a significant presence in major regions, supporting in its operational success. Teledyne Optech keeps a keen eye on technological trends to sustain growth. It also focuses on partnerships to increase revenue. For instance, in 2016, Teledyne Optech partnered with MacDonald, Dettwiler and Associates (MDA) (Canada) to develop OSIRIS-REx Laser Altimeter (OLA) for a space study, named, OSIRIS-REx. OSIRIS-REx is an asteroid study and sample return mission launched by the NASA.

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Available Customizations Title

Client Customization Problem Statement :

Value Chain Analysis of Laser Scanner Module

Solution Provided:

The “LiDAR Market” report included a section on the value chain analysis of LiDAR systems. However, the....

The “LiDAR Market” report included a section on the value chain analysis of LiDAR systems. However, the client was interested in understanding the value chain of the laser scanner module, which is an important component of the LiDAR systems. The requirement of this customization was niche and needed a detailed search of various sources in the public domain to identify the key elements involved in the value chain of the laser scanner module. MnM delivered an in-depth value chain analysis of the laser scanner module covering some of the key players at each level of the value chain.

Client Customization Problem Statement :

Company Profiles of Japanese LiDAR-based ADAS Providers

Solution Provided:

The company profiles section of the “LiDAR Market” report primarily covered system manufacturers and se....

The company profiles section of the “LiDAR Market” report primarily covered system manufacturers and service providers for airborne and ground-based LiDAR. The client wanted company profiles for three Japanese companies. These three companies offer LiDAR scanners and sensors for various applications including advanced driver assistance systems (ADAS). MnM comprehensively profiled these three companies based on the information available on reliable sources in the form of a special customization.

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